MW: Treasury yields, dollar down after jobless claims
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices pared a gain and the dollar extended a decline after the U.S. Labor Department said first-time jobless claims declined by 21,000 in the latest week to 434,000, a bigger drop than some economists had forecast. Yields on 10-year notes , which move inversely to prices, fell 4 basis points to 2.68%. The dollar index (DXY 77.48, -0.67, -0.85%) , which measures the U.S. unit against a basket of six major currencies, fell to 77.480, from 77.513 before the data and from 78.138 late Wednesday. The euro (EURUSD 1.3879, +0.0115, +0.8355%) rose to $1.3884 compared to $1.3877 earlier and from $1.3762 Wednesday. Still to come is the Federal Reserve's buyback to recycle maturing mortgage debt and the Treasury Department's auction of 7-year notes (UST7YR 1.98, -0.06, -2.94%) .
